The EGM of United Development endorses items on its agenda

OREANDA-NEWS. United Development Company’s Board of Directors have discussed the agenda of the Extraordinary General Assembly Meeting that will be held on 17/05/2016, and have resolved the following:

1- Amendment of the company''''s Articles of Association to comply with the Commercial Companies Law No. (11) 2015, and the Corporate Governance Code No. (4) 2014, and to authorize the Company’s Chairman to approve the amendments.

2- To increase the percentage of non-Qatari ownership in the company’s shares to become (49%) instead of (25%) according to law No. (09), 2000 regulating the investment of non-Qatari capital in the economic activity.